Research in Motion, the creator of the Blackberry, inked a joint development deal with Intel, according to CNBC television.
"Rumors have it that RIM will announce a deal with Intel to use their chips," Sean Flynn, options trader at Timber Hill, a unit of Interactive Brokers, told Reuters. "Options volume is heavy with the bias on upside call buying," he said.More details at Reuters.
Another analyst said the two companies were expected to announce a deal this week at the Intel Developer Forum, the company's annual conference for computer hardware developers.
Maybe this deal has something to do with Intel's plans to create handtops, which will be real small mobile computer systems.